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Disruptive Technologies: the Internet of Things

Posted by nexvucapital on May 26, 2013

The Internet of Things (IoT) and other disruptive technologies from McKinsey Global Institute

Some technologies could truly disrupt the status quo, alter the way people live and work, and rearrange value pools across industries. The McKinsey Global Institute’s new report, Disruptive technologies: Advances that will transform life, business, and the global economy, identifies 12 technologies—including next-generation genomics, autonomous vehicles, and 3-D printing—that could have a massive economic impact.


Three technologies to watch:

“I’ll tell you the three things that I’m most excited by. The first is sensor networks. I’m extremely excited about that. The second is actually this push towards automated transportation. And the third is around a very specific application of big data.” Chamath Palihapitiya, the former Facebook executive turned venture investor.

Managing disruptive technology  A conversation with investor Chamath Palihapitiya   McKinsey   Company

We like the “Internet of Things”… which is about putting all sorts of inanimate objects on the Internet like cars, door locks, appliances, smart meters, video surveillance, health care devices, thermostats and so on.


Cisco CEO John Chambers says that the IoT will generate an astounding $14 trillion in profits over the next decade:

“The Internet of Things, I think will be the biggest leverage point for IT in the next 10 years, $14 trillion in profits from that one concept alone,” he said on Wednesday at AllThingsD’s D11 Conference.

He’s basing this on Cisco’s research which predicted that by 2017, there will be about 2.8 billion machines on the Internet, representing 30% of the devices connected to the internet worldwide, up from 960 million devices and 17% in 2012. These devices will lead to apps, services, support jobs and will cause businesses and service providers to upgrade their networks, too. Cisco has even coined it’s own phrase for this: the “Internet of Everything.” No doubt it will put a lot of money in a lot of company’s pockets, Cisco among them.

Read more:

Our Favourite: Nyce Control Overview



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